Premier Inc (PINC)
Return on assets (ROA)
| Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 106,790 | 67,577 | 165,388 | 176,896 | 177,445 | 185,885 | 176,305 | 189,163 | 267,510 | 287,156 | 299,531 | 267,203 | 314,737 | 320,633 | 307,348 | 298,929 | 159,511 | 127,559 | 119,814 | 188,140 |
| Total assets | US$ in thousands | 3,401,450 | 3,363,730 | 3,832,530 | 3,849,570 | 3,371,490 | 3,512,520 | 3,539,390 | 3,419,740 | 3,357,130 | 3,515,460 | 3,451,460 | 3,566,920 | 3,522,900 | 3,681,960 | 3,510,800 | 3,441,580 | 2,948,520 | 3,063,070 | 2,616,160 | 2,594,580 |
| ROA | 3.14% | 2.01% | 4.32% | 4.60% | 5.26% | 5.29% | 4.98% | 5.53% | 7.97% | 8.17% | 8.68% | 7.49% | 8.93% | 8.71% | 8.75% | 8.69% | 5.41% | 4.16% | 4.58% | 7.25% |
June 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $106,790K ÷ $3,401,450K
= 3.14%
Premier Inc's return on assets (ROA) has shown fluctuations over the given time period, ranging from a low of 2.01% to a high of 8.93%. The ROA has generally trended downwards from 2019 to mid-2020, with a slight increase in late 2020. From early 2021 to mid-2022, there was a significant increase in ROA, peaking at 8.68% in late 2021. However, since then, the ROA has slightly declined.
The ROA indicates the company's ability to generate profits relative to its total assets. A higher ROA signifies more efficient asset utilization and better profitability. Premier Inc's ROA performance suggests that the company has been able to effectively generate returns on its assets, with some variability in recent periods. Further analysis in conjunction with other financial metrics would provide a more comprehensive understanding of Premier Inc's financial performance and efficiency.
Peer comparison
Jun 30, 2024